Mexican Economic Development layoffs, on the record
Every job cut, severance charge and restructuring Mexican Economic Development reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 392,932 to 263,630 in Mexico.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2023 | 392,932 | December 31, 2023 |
| 20-F for 2024 | 388,999 | December 31, 2024 |
| 20-F for 2025 | 263,630 in Mexico | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryRecorded severance payments within other expenses, rising from 224 to 998 million pesos in 2023 (headline figures in the note).
Word for word“Other expenses Ps. 6,252 Ps. 2,896 Ps. 3,725 (1) Following a favorable decision from Brazilian tax authorities received during 2020, Coca-Cola FEMSA has been entitled to reclaim indirect tax payments made in prior years in Brazil, resulting in the recognition of a tax credit and a positive effect on the "other income" captions of the consolidated income statements.” 20-F for 2023
Our summaryDescribed other expenses, including severance payments, in the operating results discussion.
Word for word“This increase reflects higher impairments of long-lived assets.” 20-F for 2023
Our summaryThe company recorded severance payments as other expenses, rising from the prior year.
Word for word“During 2024, other expenses increased to Ps. 9,440 million from Ps. 6,252 million in 2023.” 20-F for 2024
Our summaryThe company reported severance payments within other expenses in its Note 20 breakdown.
Word for word“Note 20. Other Income and Expenses 2024 2023 2022 Gain on sale of other assets Ps. 10 Ps. 473 Ps. — Gain on sale of long-lived assets 150 400 301 Sale of waste material — — 2 Insurance recovery 1,415 279 64 Foreign exchange gain 166 815 124 Other investment in shares (4) — 3,311 — Recoveries of prior years taxes (1) 316 483 354 Investment in equity instruments (5) — 6,785 113 Tax credit recovery 1,154 — — Other investments 214 415 — Others 163 141 93 Other income Ps. 3,588 Ps. 13,102 Ps. 1,051 Recoveries of prior years Ps. — Ps. 958 Ps. 9 Impairment of long-lived assets (2) 2,801 1,248 833 Disposal of long-lived assets (3) 939 466 389 Contingencies, net (Note 26) 170 1,110 456 Severance payments 2,007 998 224 Donations 865 711 512” 20-F for 2024
Our summaryThe company described a restructuring provision recognition criterion, including number of employees affected, but reported no specific restructuring plan in this extract.
Word for word“The Company has a constructive obligation when a detailed formal plan identifies the business or part of the business concerned, the location and number of employees affected, there is a detailed estimate of the associated costs, and an appropriate timeline.” 20-F for 2024
Our summaryThe Health Division restructured its Mexico operations, closing net locations.
Word for word“In contrast, operations in Mexico underwent a significant restructuring process, which resulted in the closure of 422 net locations.” 20-F for 2025
Our summaryThe company recorded severance payments as part of other expenses.
Word for word“This increase reflects higher impairments of long-lived assets and severance payments.” 20-F for 2025
Mexican Economic Development has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Mexican Economic Development’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-04-24. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.